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Argentina Sees Improvement
In Poverty and Unemployment

Dow Jones Newswires

Updated Aug. 1, 2003 12:01 a.m. ET

BUENOS AIRES -- The number of Argentines living in poverty fell back in May from seven months earlier, following a period of strong growth and a pickup in employment, the government's statistics agency said.

The agency, known as Indec, announced in its twice yearly survey that the percentage of the population living in poverty fell to 54.7% in May, compared with 57.5% in October. The percentage of people living in extreme poverty edged down to 26.3% from 27.5% last October. Living in poverty is defined in Argentina as...